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Diagram a model of supply and demand for a competitive labor market with a minimum wage in effect.Identify a group that gains and a group that loses when a minimum wage is imposed.
Feedback
Information provided about the result of an action or process, used as a basis for improvement.
Cognitive Reevaluation
Involves changing the way one thinks about a situation in order to alter its emotional impact.
Perceived Inequity
A feeling of unfairness experienced when individuals perceive that their ratio of efforts to rewards does not align with those of others.
Change Perspective
The act of shifting one's viewpoint or approach to understanding or interpreting information, situations, or concepts in a different way.
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